Click here to go to 
AngloINFO Costa Blanca's front pageINFOrmation
  in:

AngloINFOINFOrmation -» Living in Spain - Incomes & Cost of Living

 Living in Spain - Incomes & Cost of Living

 Send | Print 
Contents:
Introduction

Moving to Spain
» Registration Procedures
» The Residence Permit
» Moving Goods
» Moving Plants & Animals
» Moving Financial Assets
» Moving Cars
» The Driving Licence
» Finding Accommodation
» Finding a School

Living in Spain
» The System
» Taxes & Charges
» Incomes & Cost of Living
» Shopping
» Accommodation
» Cultural & Social Life
» Educational System
» Private Life
» Transport
» The Health System

Social Security
» Coordinating Arrangements
» E forms: General Overview
» General Organisation
» Sickness Insurance
» Maternity Insurance
» Invalidity Insurance
» Old Age Insurance
» Life Insurance
» Unemployment Benefits
» Minimum Income Guarantee

Working in Spain
» Recruitment
» Applications
» Recognition of Qualifications
» Conclusion of Contracts
» Amendments of Contracts
» Remuneration
» Working Time
» Vocational Training
» Annual Leave
» Leave: Sickness, Maternity
» End of Employment
» Employment of Women
» Special Categories
» Occupational Risks
» Sexual Harassment
» Representation of Workers
» Work Disputes

Organisations in Spain
» Useful Contacts for Employment Services in Spain
» Useful Contacts for Social Security Organisations in Spain
» Useful Contacts for Taxes in Spain
» Useful Contacts for Education and the Recognition of Diplomas in Spain
» Useful Contacts for Tourism and Transport in Spain
» Useful Contacts for Ministries and Government in Spain
» Useful Contacts for Embassies in Spain

Recognition of Diplomas
» General System
» Paramedical Professions
» Teachers
» Engineers
» Lawyers
» General & Specialist Doctors
» Pharmacists
» Dentists
» Midwives
» Veterinarians/Vets
Incomes and cost of living
In general, the cost of living in Spain is acceptable, and there is universal access to essential social services such as health and education.

In 2004, total household expenditure increased by 4.9% compared to 2003, signifying an increase of 6% in the fourth quarter of 2004 in comparison with the same period in the previous year. To give an idea, each household had an average expenditure of EUR 5 791.00 in the fourth quarter of 2004. 21% of this amount is spent on food, drink and tobacco consumed at home, and the remainder on other goods and services.

On the other hand, some 38.6% of households set some money aside for savings (highest percentage since 2001), with the Basque Country, Castilla-León, and La Rioja being the communities that save the most, while the Canaries and Madrid have the lowest percentages of households which save. 

In the fourth quarter of 2004, some 44.5% of households clearly have some degree of difficulty in making it to the end of the month, with Extremadura, Castile-La Mancha and Madrid being the communities showing the greatest improvement in this respect.

To give you an idea of the general cost of living in Spain, we have selected the prices of some everyday items, the price of which, logically, will vary from shop to shop, from region to region and from city to city. 

These are as follows:

  • Loaf of bread: EUR 0.55
  • Milk (1 litre): EUR 0.73
  • A dozen eggs: EUR 1.75
  • Kilo of apples: EUR 0.74
  • Kilo of tomatoes: EUR 2.5
  • Bottle of shampoo: EUR 3
  • Deodorant: EUR 2
  • Skirt or trousers: EUR 60
  • 24 hr flat rate ADSL connection: EUR 39
  • National or regional newspaper: EUR 1
  • Aspirin: EUR 2.70
  • Cinema ticket: EUR 6
  • Coffee: EUR 0.90
  • Beer: EUR 0.65
  • Hamburger: EUR 2.80
  • Set menu: from EUR 7

Salaries comprise the total economic earnings that the worker receives for services supplied. Their structure is established by collective bargaining, and comprises the basic salary and fringe benefits, such as for length of service, special payments (normally two, one at Christmas and the other in summer), share in profits, bonuses, and other perks specific to the job. 

Salary payments must be made at intervals no greater than one month, with monthly payment being the most common in Spain.

The government sets a minimum wage each year, which is EUR 513 gross per month or EUR 17.10 gross per day for 2005. It is illegal to contract a worker for a salary lower than this. 

There are also many sectors that have fixed adequate salaries for each professional group or category through collective bargaining.

Text last edited on:06/2005

Source: European Union
© European Communities, 1995-2006
Reproduction is authorised.

More From AngloINFO:
 
 

^ Top of Page ^


Page generated at 10:06; Friday, May 16, 2008
This is the "Living in Spain - Incomes & Cost of Living" INFOrmation Page at AngloINFO Costa Blanca.
AngloINFO Costa Blanca's INFOrmation Pages provide an online encyclopaedia covering all aspects of "Life on the Costa Blanca, in English!".
AngloINFO Costa Blanca is your Costa Blanca information source, for everyone living in the Costa Blanca or moving to the Costa Blanca, covering everything from the Costa Blanca property and real estate contacts you need before and during your move to Spain, to all aspects of everyday life in the Costa Blanca international community for those living their lives in Spain.
Copyright © 2000-2008 AngloINFO Limited. All rights reserved. Privacy Policy, Terms of Use, About, Advertising, Contact.
» Find out more about AngloINFO in Spain